The City of Boston has issued its annual Request for Proposals (RFP) for affordable housing, providing $40 million to support the creation and preservation of affordable housing across the city. This year’s funding is available to nonprofit and for-profit developers for rental, cooperative and supportive housing projects. 

“This $40-million investment will enable us to support a diverse range of housing projects, from preserving at-risk developments to building new units for those most in need, while also ensuring that Boston remains a city where families of all backgrounds can thrive,” said Mayor Michelle Wu.

The city will prioritize proposals that reduce development costs and efficiently leverage public and private funding; utilize city-owned land; provide a mix of units from extremely low-income to middle-income households; include housing for older residents, veterans, individuals with disabilities, youth aging out of foster care and artists; and build or preserve affordable housing in neighborhoods with limited affordability.

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